J.P. Morgan Institutional Funds
Supplement dated February 3, 2000, to the following Prospectus:
J.P. Morgan Institutional Fixed Income Funds, dated December 1, 1999
The second paragraph under the heading "Portfolio Management" on page 2 with
respect to J.P. Morgan Institutional Short Term Bond Fund is hereby replaced
with the following:
The portfolio management team is led by Connie J. Plaehn, managing
director, who has been on the team since the fund's inception and has
been at J.P. Morgan since 1984 and William G. Tennille, vice president,
who joined the team in 1994 and has been at J.P. Morgan since 1992.
